Yesterday, theglasshammer.com hosted its second Women on the Buy-Side networking breakfast and panel discussion. Nicki Gilmour, founder and CEO of theglasshammer.com, began the event by explaining that the purpose of the gathering was to draw together top women in the investment management industry to discuss the topic of risk and its implications on performance for 2010. GilmourContinue reading “Debating Transparency and Valuation”
Tag Archives: hedge fund
Hedge Fund Transparency: The Long-Term Implications of Separate Account Management
Hedge fund managers and investors alike have embraced separate account management as a panacea to their operational risk concerns and a quick win in the quest for greater transparency. But they should think again. In their rush to solve one set of problems, investors may be introducing even greater risks to their portfolios and hedgeContinue reading “Hedge Fund Transparency: The Long-Term Implications of Separate Account Management”
Critical Recordkeeping: Trade Tickets and Order Memoranda
It is remarkable the number of buy-side firms that have overlooked the importance of maintaining proper trade tickets and order memoranda in a timely fashion. Three weeks ago, the US Securities and Exchange Commission (SEC) charged New York-based Ark Asset Management Co., Inc. with fraudulent trade allocation as well as disclosure and books-and-records violations. ThisContinue reading “Critical Recordkeeping: Trade Tickets and Order Memoranda”
Survey of Buy-Side Industry Trends
Margins in the investment management industry are under siege, facing threats from both directions – lower fees and rising costs. The Glass Hammer / Stone House Consulting Survey of Buy-Side Industry Trends indicates that while regulators are contributing to the cost pressures, the industry’s own client base, together with the investment consulting firms that adviseContinue reading “Survey of Buy-Side Industry Trends”
Leaders of the Pack
Video of The Glass Hammer Network’s breakfast networking event on Sep 29 in New York City. Hosted by Nicki Gilmour, CEO, theglasshammer.com. Panelists include Cynthia Steer, Head of Research Strategy, Rogerscasey; Marianne Brown, CEO, Omgeo; Liz Philipp, Head of the New York Office, PIMCO; and Annie Morris, Head of North America, Linedata Services. Moderated byContinue reading “Leaders of the Pack”
Managing the Business of Asset Management
In the wake of plummeting revenue streams, particularly with client concerns over operational risk and managers’ needs to control costs, the lines between traditional investment managers and hedge funds have blurred and will continue to do so. Traditional investment managers and hedge funds alike need to focus on the business of managing money as wellContinue reading “Managing the Business of Asset Management”
Forgotten Risk: Free Delivery of Securities
While most operational due diligence reviews focus significant attention on the procedures involving wire transfers, they often overlook those surrounding the free delivery of securities. Yet both activities involve the transfer of assets out of a fund or portfolio with nothing received in exchange.
Top 10 List for Mastering Operational Due Diligence
This is from a presentation at Financial Technologies Forum’s 2nd Annual Hedge Fund and Operations Conference on 21 April 2009. While it is just a list of bullets, it is included here for the convenience of our readers.
Migrating Toward Multi-Prime: Did Your Manager Decrease or Increase Operational Risk?
In the wake of the Bear Stearns and Lehman difficulties, many hedge fund managers have migrated toward a ‘multi-prime’ environment, in which more than one prime broker is utilized by the fund. On closer examination, a number of hedge funds have not only failed in their dual objectives of setting up a true multi-prime relationshipContinue reading “Migrating Toward Multi-Prime: Did Your Manager Decrease or Increase Operational Risk?”
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